Furlenco’s FY26 Profit Surges Multifold To ₹59.5 Cr, Revenue Up 62% YoY

After turning profitable in the fiscal year FY25, furniture rental startup Furlenco saw its net profit for the fiscal year FY26 skyrocket to ₹59.5 Cr. This is a near 20X jump from the ₹3.1 Cr profit it recorded in FY25.

The Bengaluru-based startup’s operating revenue surged 61.9% YoY to ₹370.4 Cr in FY26 from ₹228.7 Cr in the previous year. To note, its top line has now grown around 2.6X in the previous two fiscals, from ₹140 Cr in FY24.

Including other income of ₹5 Cr, the Sheela Foam-backed startup’s total income rose 56.4% to ₹375.4 Cr in the year under review.

Renting of furniture and office equipment remained the key revenue driver of the startup, accounting for 92% or ₹341.1 Cr of its total operating revenue. While rental income jumped 64% YoY, revenue from furniture sales rose 38% YoY to ₹29.4 Cr.

EBITDA nearly doubled to ₹129.5 Cr in FY26 from ₹66.4 Cr in FY25, while its EBITDA margin expanded to 35.01% from around 29% a year earlier.

Founded in 2012, Furlenco runs a subscription-driven furniture and appliance rental platform that offers more than 300 SKUs across 28 cities, including Bengaluru, Mumbai, Delhi NCR, Chennai, and Kolkata. The startup also sells new furniture. 

During the fiscal, the startup had raised ₹125 Cr to strengthen its presence in existing markets and enter new markets in the country, invest in product innovation, technology and customer experience.

Overall, it has raised a total funding of more than $ 290 Mn to date, including the latest funding round, from investors like Lightbox Ventures, Crescent Ventures, Sheela Foam, Whiteoak and Madhu Kela, among others.

Furlenco’s FY26 Expenses

Total expenditure increased 45.1% YoY to ₹343.9 Cr in FY26, from ₹236.9 Cr in the previous fiscal year. Other expenses, which include investments in power and fuel, rent, insurance, transportation costs, accounted for 52.7% of total expenditure. 

Here’s a brief breakdown of Furlenco’s top spends for the year:

• Employee Benefit Expenses: Including employees’ salaries, wages, gratuity, provident fund and others, costs under this head rose 17.7% to ₹36.2 Cr, from ₹30.7 in the previous year.
• Depreciation & Amortisation Expenses: Spending under this head stood at ₹70.3 Cr, up 57.5% compared to ₹44.6 Cr in FY25.
• Finance Costs: The company spent ₹32.7 Cr in the year under review towards finance costs, marking a 75.5% increase from ₹18.6 Cr in the previous year.

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